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Nonprofiteer
← SOUTH MADISON COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by SOUTH MADISON COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,237,464
Total expenses
$792,431
Contributions and grants received
$817,898
Grants paid
$443,647
Program service revenue
$0
Investment income
$256,347
Other revenue
$163,219
Total assets, end of year
$12,426,184
Total liabilities, end of year
$253,482
Net assets or fund balances, end of year
$12,172,702
Program services expenses (Part IX)
$483,296
Management and general expenses
$241,585
Fundraising expenses
$67,550
Program service expenses (Part III)
$483,296

Program services were 61.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $817,898

  • 1g · Noncash contributions included above

    $511,965

  • 3 · Investment income

    total $239,037 · related or exempt $239,037

  • 7a · Gross sales of assets other than inventory

    securities $1,823,921

  • 7b · Less cost or other basis and sales expenses

    securities $1,806,611

  • 7c · Gain or loss

    securities $17,310

  • 7d · Net gain or loss

    total $17,310 · related or exempt $17,310

  • 11a · Other revenue: * ADMINISTRATIVE FEE INCOME

    total $151,961 · related or exempt $151,961

  • 11b · Other revenue: * SCHOLARSHIP ADMIN FEE INCOM

    total $12,224 · related or exempt $12,224

  • 11c · Other revenue: REIMBURSED EXPENSES

    total $9,294 · related or exempt $9,294

  • 11d · All other revenue

    total -$10,260 · related or exempt -$10,260

  • 11e · Other revenue, total

    $163,219

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $359,197 · program services $359,197

  • 2 · Grants to domestic individuals

    total $84,450 · program services $84,450

  • 5 · Compensation of officers, directors and key employees

    total $57,648 · program services $11,529 · management and general $25,941 · fundraising $20,178

  • 7 · Other salaries and wages

    total $48,008 · program services $9,602 · management and general $21,604 · fundraising $16,802

  • 8 · Pension plan contributions

    total $12,126 · program services $2,425 · management and general $5,457 · fundraising $4,244

  • 10 · Payroll taxes

    total $8,083 · program services $1,617 · management and general $3,637 · fundraising $2,829

  • 11c · Fees: accounting

    total $18,085 · program services $5,426 · management and general $8,138 · fundraising $4,521

  • 11f · Fees: investment management

    total $161,989 · management and general $161,989

  • 12 · Advertising and promotion

    total $10,139 · program services $3,042 · management and general $4,562 · fundraising $2,535

  • 13 · Office expenses

    total $2,975 · program services $894 · management and general $1,339 · fundraising $742

  • 16 · Occupancy

    total $9,627 · program services $2,112 · management and general $4,332 · fundraising $3,183

  • 22 · Depreciation, depletion and amortization

    total $5,300 · program services $1,590 · management and general $2,385 · fundraising $1,325

  • 23 · Insurance

    total $574 · program services $115 · management and general $258 · fundraising $201

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $9,909 · fundraising $9,909

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $2,690 · program services $807 · management and general $1,210 · fundraising $673

  • 24c · Other expenses: MISCELLANEOUS

    total $1,631 · program services $490 · management and general $733 · fundraising $408

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $503,920 · end of year $843,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105 · end of year $3,195

  • 10a · Land, buildings and equipment: cost or other basis

    $300,462

  • 10b · Land, buildings and equipment: accumulated depreciation

    $124,915

  • 10c · Land, buildings and equipment, net

    beginning of year $173,941 · end of year $175,547

  • 11 · Investments: publicly traded securities

    beginning of year $10,315,621 · end of year $11,283,678

  • 15 · Other assets

    beginning of year $120,263 · end of year $120,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,476 · end of year $3,437

  • 18 · Grants payable

    beginning of year $83,050 · end of year $93,425

  • 21 · Escrow or custodial account liability

    beginning of year $140,025 · end of year $156,620

  • 25 · Other liabilities

    beginning of year $5,786 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $459,794 · end of year $462,111

  • 28 · Net assets with donor restrictions

    beginning of year $10,423,719 · end of year $11,710,591

Mission and programs · 2022

Mission

PRODUCING POSITIVE CHANGE AND LASTING IMPACT, AND ENHANCING THE QUALITY OF LIFE FOR THE RESIDENTS OF THE SOUTH MADISON COUNTY COMMUNITY BY ATTRACTING CHARITABLE GIFTS AND MAKING PHILANTHROPIC GIFTS IN RESPONSE TO COMMUNITY NEEDS.

Activities or mission (Part I)

PRODUCING POSITIVE CHANGE AND LASTING IMPACT, AND ENHANCING THE QUALITY OF LIFE FOR THE RESIDENTS OF THE SOUTH MADISON COUNTY COMMUNITY BY ATTRACTING CHARITABLE GIFTS AND MAKING PHILANTHROPIC GIFTS IN RESPONSE TO COMMUNITYNEEDS.

  • THE ADMINISTRATION OF GRANTS, SCHOLARHIPS, AND RELATED EXPENSES IN ACCORDANCE WITH DONOR RESTRICTIONS, AND/OR THE STATED PURPOSE OF ENDOWED FUNDS.

    Expenses $483,296 · Grants $443,647

As filed on the 2022 return.

Listed in Part VII

  • Tammy K Bowman

    EXECUTIVE DIRECTOR

    Total calculated
    $60,531
    From this org
    $57,648
    From related orgs
    $0
    Other
    $2,883
    Hours/week
    40

  • Betsy Allen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Amy Turner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rachel Christenson

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Connie Rector

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Joe Bastin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lori Brand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mark Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sara Hauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Scott Hersberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dustin Pennington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Pam Shuck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • PENDLETON FIRST UNITED METHODIST CHURCH

    $56,862

    YOUTH SUPPORT GRANTS

  • SOUTH MADISON FIRE PROTECTION TERRITORY

    $23,029

    ORGANIZATIONAL SUPPORT - EXPANSION

  • FALLS PARK

    $16,425

    ORGANIZATIONAL SUPPORT

  • PHHS

    $14,078

    TEACHER SUPPORT GRANTS

  • PFD AUXILIARY

    $12,500

    WATER RESCUE EQUIPMENT

  • IVY TECH FOUNDATION

    $12,000

    SCHOLARSHIP SUPPORT

  • TURN AWAY NO LONGER

    $10,800

    TANL HOUSE

  • MADISON COUNTY SHERIFF'S DEPARTMENT

    $10,000

    SIGNBOARD/WELLNESS CANINE

  • TOWN OF INGALLS

    $10,000

    PARK RESTROOM

  • OPERATION LOVE

    $9,997

    SUPPLIES

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SMCF HOLDINGS LLC SMCF HOLDINGS LLC

    REAL ESTAT · IN

Provenance

Return type
form_990
Tax year
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202323459349300302

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